BusinessCompany NewsThreat remains of further interest rate rise

Threat remains of further interest rate rise

New warning from The Bank

The threat of another interest rate rise of a quarter point looms on the
horizon, following a warning from the
The Bank of England.

In its
quarterly
inflation report,
the Bank said that inflation was on course to decline
sharply over the year, settling at around the government’s 2% target by the end
of 2008.

However, for this to happen, the City has forecast that rates will have to
rise to 5.5% – what would be a fourth interest rate rise since last August.

Economists have pencilled in May as the most likely month for an interest
rate rise.

Further reading:

ICAEW survey: Economy has reached its peak

No surprise as rates left unchanged

Economics: Inward bound

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